Solana-based meme coin Bonk (BONK) has recently surged 10%, becoming the biggest 24-hour gainer among the top 100 tokens by market cap. This rise has positioned BONK as a leading player in the meme coin market, outperforming other popular meme coins. Additionally, another Solana memecoin, Popcat, has reclaimed a $600 million market cap, pushing new all-time highs. The memecoin market is showing significant activity, with traders looking for the next big investment opportunity. Coins like $BILLY have also made notable gains, breaking past a $100 million market cap and becoming the second largest meme coin behind Michi. Solana memecoins have outperformed $ETH tokens by 8x in the last month.